Voya Investment Management LLC bought a new stake in Dmc Global Inc (NASDAQ:BOOM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,677 shares of the industrial products company’s stock, valued at approximately $255,000.
A number of other hedge funds have also recently added to or reduced their stakes in BOOM. ClariVest Asset Management LLC lifted its holdings in Dmc Global by 22,957.1% in the second quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock valued at $145,000 after buying an additional 3,214 shares during the period. Raymond James & Associates acquired a new position in Dmc Global in the second quarter valued at $230,000. Shepherd Kaplan Krochuk LLC acquired a new position in Dmc Global in the second quarter valued at $248,000. Prescott Group Capital Management L.L.C. acquired a new position in Dmc Global in the second quarter valued at $359,000. Finally, GSA Capital Partners LLP acquired a new position in Dmc Global in the second quarter valued at $743,000. Institutional investors and hedge funds own 84.80% of the company’s stock.
In other Dmc Global news, Director Yvon Pierre Cariou sold 25,000 shares of Dmc Global stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total value of $1,074,250.00. Following the completion of the sale, the director now directly owns 144,823 shares of the company’s stock, valued at $6,223,044.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of Dmc Global stock in a transaction on Friday, August 17th. The shares were sold at an average price of $41.41, for a total transaction of $53,791.59. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Dmc Global had a negative net margin of 2.25% and a positive return on equity of 16.70%. The firm had revenue of $80.90 million during the quarter, compared to the consensus estimate of $74.95 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s revenue was up 71.4% compared to the same quarter last year. On average, equities analysts predict that Dmc Global Inc will post 1.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.23%. The ex-dividend date was Thursday, September 27th. Dmc Global’s dividend payout ratio (DPR) is currently 50.00%.
Several equities analysts recently issued reports on BOOM shares. BidaskClub lowered shares of Dmc Global from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. Chardan Capital started coverage on shares of Dmc Global in a report on Thursday, July 5th. They issued a “buy” rating and a $59.00 target price on the stock. Roth Capital set a $58.00 target price on shares of Dmc Global and gave the company a “buy” rating in a report on Saturday, July 28th. TheStreet upgraded shares of Dmc Global from a “c” rating to a “b-” rating in a report on Wednesday, September 5th. Finally, Zacks Investment Research lowered shares of Dmc Global from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.75.
Dmc Global Company Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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